Northrop Stock Beckons

By

Neil A. Martin

Updated June 11, 2006 12:01 a.m. ET

Transformation of the U.S. military into a high-tech fighting machine is proving to be a boon for shareholders of Northrop Grumman of Los Angeles.

The big defense contractor's stock has bounced back more than 20% since mid-October and should move higher in the months ahead as the company capitalizes on the government's need for integrated, high-tech weaponry and systems to fight battles big and small abroad and terrorism at home.